A form that covers added costs to a business that needs to remain open after a property loss.
Insurance Encyclopedia
Extra expense insurance
coverage Coverage that may be purchased as a supplement to business income insurance, applying to expediting expenses that aid in quickly restoring the insured’s operations after a covered loss, or it can be the primary coverage sustaining the extra cost of continuing doing business for those insureds who would find it extremely damaging to fail to meet customer commitments, such as newspapers and dairies.
Extra expense insurance (Property Insurance)
A form that provides compensation for costs associated with the operation of a business damaged by a hazard listed in the insurance contract. This form is usually used by businesses that cannot afford to close for fear of losing customers.
Extra Expenses
Extra funds needed to continue a business uninterruptedly, after damage, applied to dwellings, It is called additional living expenses coverage, and is available through Extra Expenses Insurance, and additional living expenses Insurance.
Extra Expenses for Loss
The extra amount a business spends to continue at least art of its operations of damage to or taking of its assets would otherwise interrupt its operations.
Extra Expenses Insurance
The consequential property insurance that covers the extra expense incurred by the interruption of a business; the policy pays if the business does not close down but continues in alternative facilities, with higher than normal costs.
Extra medical provider
Provider who participates in TRICARE Extra’s preferred provider network.
Extra percentage tables (Health Insurance/Life Insurance)
A mortality or morbidity table that displays the amount of an extra premium charged for certain medical conditions.
Extra Perils
Closely allied with Fire Insurance, is the Insurance of certain so called special perils which by tradition are dealt with by the Fire department of Insurance companies. The principal special perils are explosion, riot, civil commotion, aircraft and articles dropped therefrom, storm, tempest, flood water damage, impact damage, spontaneous combustion, spontaneous fermentation, heating combustion.
Extra premium
An additional amount added to the basic premium which may be required because the risk covered is unusually hazardous.
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A charge added to a premium because the regular premium rate does not take into account certain hazards.